OC BUSINESS JOURNAL DAILY NEWS

Antarctica Inspires Mavenlink CEO to Be ‘Explorer at Heart’

SOFTWARE: Sees 50% revenue growth, hiring 100 this year

Working in 100 degrees below zero in the Antarctic decades ago taught Mavenlink Inc. Chief Executive Ray Grainger how to be adaptable.

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OC 500: Theodore 'Ted' Wilm

Fourth-largest OC; 375 employees … 35+ years PwC … clients BlackRock, Barclays Wealth, Charles Schwab … board CSUF Mihaylo (see Morteza Rahmatian) … backs Women Investing in Security and Education … can’t miss: ‘date night with wife Mary Kay!’ … jobs: scooping ice cream at Friendly’s; selling suits, Montgomery Ward, shoes at Kmart, books at Walden Books … would meet George Washington, Ben Franklin

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Midday Stock Roundup

The S&P was up 0.9% to 2,937 in midday trading today.

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Alteryx Buys Massachusetts AI Company Feature Labs

Irvine-based data analytics company Alteryx Inc. has bought Feature Labs, a machine learning and artificial intelligence software firm launched from the Massachusetts Institute of Technology.

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Nostalgia Jerseys, Future Plans

115-year-old Mitchell & Ness Eyes Expansion, Women’s Line

Nostalgia may be in the name of Mitchell & Ness Nostalgia Co., but the executive team isn’t resting on history.

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OC 500: Tilly Levine

Co-founded Tilly's Inc. youth fashion retailer (see Hezy Shaked) … still serves in client relations … stepping back at retailer—$577M revenue, $481M market cap—to focus on Tilly's … year-long program in high schools, teaching kids to ‘build confidence, inspire compassion’ … work includes emotional intelligence, mindfulness … Levine, Shaked, part of shareholder group that sold $117M shares in 2018

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Midday Stock Round Up

The S&P 500 was up 0.5% in midday trading to 2,902.8. (continue reading)

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Laguna Niguel’s City Center, Reimagined

REAL ESTATE: Burnham Ward has community in mind

Burnham Ward Properties is crafting its legacy, one local community at a time.

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OC 500: Tim Britt

Founded IT management, consulting firm 2001 … ‘we can do it better’ … ex-CIO Ace Hardware online … firm one of OC’s fastest-growing midsize private cos., 45% two-year growth to $93M annual sales … 500+ employees … backed by Vinny Smith (see entry) … roots for Georgia Tech Yellow Jackets … first job: ‘loading clay pigeons at my dad’s skeet/trap range in Wyoming’ … first car: Datsun B210

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OC 500: Dan Young

Ex-Irvine Co. head, community development … launched consulting, development firm 2016 … helped on 2017 bid to bring Amazon HQ2 to OC … leading $100M private campaign for homeless housing (see Paul Leon) … Santa Ana mayor before Miguel Pulido … Business Journal Person of the Year in Real Estate, post-recession 2010

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Blackstone-Led JV Buys Great Wolf

An affiliate of Blackstone Group in New York will buy a controlling stake in family resorts company Minnesota-based Great Wolf Resorts, Inc.

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Midday Stock Roundup

Major U.S. indexes tumbled more than 2% during midday trading in the second day of sharp declines following a grim manufacturing report.

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OC 500: Ed Susolik

Litigator in insurance, personal injury, business … born in former Czechoslovakia; lived in Switzerland, Spain … USC bachelor’s, philosophy, English, history, and JD … First job: ‘handbill canvasser for carpet cleaning co.’ at 14 … First car: 1979 Toyota Camry … roots for Ducks (see Henry Samueli) … would like to meet Vaclev Havel … wife, Jessica; six kids

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OCBJ INSIDER

Security Updates

“We stand by our findings and conclusions,” Crowdstrike told the Business Journal last week, as the 8-year-old cybersecurity firm, founded in Irvine, got caught up in political intrigue that’s led to an impeachment inquiry of President Donald Trump.

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Forever 21 to Close Fashion Island, Tustin Marketplace Stores

Irvine Co.’s Fashion Island and Tustin Marketplace were among the shopping centers listed on fast-fashion retailer Forever 21 Inc.’s store closure list Tuesday, according to bankruptcy filings.

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Soft September for OC Automakers

Orange County automakers had two less selling days in September, as most capped the month with sales declines.

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Kawasaki Motors Names New CEO

Kawasaki Motors Corp. U.S.A. said it brought back Eigo Konya, tapping him to be the Foothill Ranch-based company’s president and chief executive officer.

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Long Beach Airport Traffic Down 7%

Long Beach Airport traffic decreased 7.2% year-over-year in August to 325,100 passengers.

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Midday Stock Roundup

The S&P 500 fell 0.9% to 2,949.69 during midday trading. (continue reading)

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Olenicoff Planning A Shopping Spree

REAL ESTATE: Huge loan frees up $500M+ cash

Igor Olenicoff, Orange County’s second-wealthiest resident, is on the lookout for real estate acquisitions here and in other markets.

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OC 500: Wil Smith III

Commercial property investor, developer with friends in high places … sometimes buys in ventures with billionaire Monster Beverage Co. entrepreneurs Rod Sacks, Hilton Schlosberg (see entries) … overall Greenlaw portfolio 5M SF … recently selling industrial … wants to build apartments near Outlets at Orange, 4- diamond hotel near Disneyland … sold Triangle retail center 2017

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Kathmandu to Buy Rip Curl

Outdoor retailer Kathmandu Holdings Ltd. said Monday it plans to buy Australian surf brand Rip Curl Group Pty Ltd.

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Anaheim’s LT Platinum Center Site Sold

Hong Kong-based LT Commercial Real Estate Ltd. has quietly sold a nearly 14-acre parcel next to Angel Stadium, where an LA Live-type, mixed-used development was planned, the Business Journal has learned.

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Avanti Restaurant Solutions Names COO

Costa Mesa restaurant services provider Avanti Restaurant Solutions named Gary Coburn chief operating officer.

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Nordstrom Exec to Tilly’s Chief Merchant Post

Irvine retailer Tilly’s Inc. said Monday it hired Tricia D. Smith to be its head merchant.

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